Average Rent in Greensboro, NC↓ Rents falling 1.7% YoY

Greensboro, NC has rental prices ranging from $999/month to $1,646/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,039/month — 26% below the national average of $1,400/month. With a median household income of $63,083/year, spending $1,039/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Greensboro Compares

With an average 2-bedroom rent of $1,150/month, Greensboro ranks #27 most expensive of the 87 cities tracked in North Carolina — pricier than 79% of all US cities in our data.

The Greensboro Rental Market

The Greensboro, NC area has a population of about 779,894 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Greensboro, NC have fallen by $20/month (1.7%) over the past year, from $1,170 to $1,150. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Greensboro, NC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,560. The local median household income of $63,083 exceeds that threshold by $21,523, making Greensboro relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Greensboro, NC is $266,805, giving a price-to-rent ratio of 19.3. With a break-even horizon of approximately 19 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Greensboro's neighborhoods. Among the highest-value areas are Scott Park ($112,869 median home value), Glenwood ($157,058 median home value), College Hill ($233,405 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Greensboro, NC Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Greensboro?

Break-even analysis and mortgage estimates based on local market data.

Living in Greensboro

Cost of living, job market, crime rates, and moving cost estimates.